Giving the in-house community greater insight to the law and regulations in different jurisdictions.
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Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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A bill to amend the Unfair
Competition Prevention and Trade Secret Protection Act (the “UCPA”) was
promulgated on April 17, 2018, and is scheduled to take effect on July 18,
2018. The bill introduces significant
amendments to the UCPA, namely stipulating store interior designs as business
marks and making the unauthorized use of “ideas” an act of unfair competition,
thereby substantially expanding the applicability of Subparagraph 1 (j) of
Article 2 (“fraudulent use of another person’s product”) of the current (or
pre-amendment) UCPA.
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Under
changes to Location Information Act, to take effect in October 2018, businesses
will be allowed to track goods after obtaining registration instead of license.
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Legislators
have put forward an advanced draft of amendments to the Telecommunications
Business Act, Korea’s main telecom statute.
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Potential Regulatory Compliance Systems to Enhance the Safe Control of Chemical Substances
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On September 8, 2017, to promote joint growth of enterprises of all sizes and their collaborative efforts, the Korean Fair Trade Commission (“KFTC”) and the ruling Democratic Party of Korea held a consultation conference to step up efforts to eliminate unfair demands of technical information and/or misappropriation of technology by large conglomerates against small and medium-sized enterprises.
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Several amendments to the Patent Act (“PA”) and the Design Protection Act ("DPA"), which passed the National Assembly on March 2, 2017, went into effect on September 22, 2017. We highlight below the major changes:
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On January 23, 2018, the Financial Supervisory Service and the
Financial Service Commission published additional guidelines to regulate
banking and financial transactions involving cryptocurrency exchanges (each, an
"Exchange"). The key points of these guidelines are summarized below.
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On
December 28, 2017, the Korean joint task force on cryptocurrency, consisting of
various governmental agencies including the Office for Government Policy
Coordination, Financial Supervisory Commission, the Ministry of Justice and the
Ministry of Strategy and Finance, among others, announced that it will continue
its implementation of its previously announced emergency measures on December
13, 2017 (for more information, please see BKL’s 12/14 newsletter), and in
addition take the following actions.
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In response to the recent
speculation frenzy over virtual currency trading and increase in virtual
currency-related crimes, the Korean government announced emergency measures
yesterday, December 13, 2017, the main points of which are summarized below:
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Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
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The Serbian Parliament adopted amendments to the Serbian Company Law (Law) on 8 June 2018, and they were published in the official journal on the same date.
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According to trademark law, it is not possible to register marks as trademarks if they consist exclusively of a shape that is necessary to obtain a technical result.
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Following a tip, the Serbian Competition Commission (the "Commission") recently started investigating the business relationship between GR Sport and Polanik, a Polish company, concerning an alleged infringement of competition – the conclusion of a restrictive agreement which was not notified for prior exemption under the applicable legal framework.
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Managing directors of a GmbH, a type of German private limited company, may be liable in the event of insolvency. A common bone of contention is the matter of payments made by the managing director after the onset of insolvency.
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Recently promoted in 2018, we are
committed to highlighting the achievement of our five collaborators.
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The software company SAP bought all shares of Coresystems FSM AG.
Coresystems FSM develops and runs workforce-management software based on a
Crowd Service platform which uses artificial intelligence and allows finding
available field-service technicians in real time.
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Rastko Petaković, managing partner at Karanović & Nikolić, held a presentation of the latest private equity trends CEE region on the 2018 Balkans M&A and Private Equity Forum. Organized by Mergermarket , a leading media company that provides specialist news, research, analysis and data on financial markets, this is the second year this conference was held in Belgrade.
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We are pleased to announce that Karanović & Nikolić has won the 2017 Deal of the Year Award for Serbia for the EBRD and IFC financing of Vetrolektrane Balkana - Čibuk 1 Windfarm. Organized by the renowned CEE Legal Matters magazine, this is the first year that these awards were held and they are a way of recognizing the biggest and most important deals by leading law firms in Central and Eastern European jurisdictions.
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Taking out a D&O insurance policy for a company’s executive bodies is a crucial step to reducing the risk of personal liability.
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1 июня 2018 года в офисе юридической фирмы VEGAS LEX с участием представителей ФАС России прошел семинар «Антимонопольное регулирование в сфере ИТ: зарубежный опыт и российская практика».
The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
